Millington Financial Advisors LLC Acquires 796 Shares of Fidelity National Information Services, Inc. $FIS

Millington Financial Advisors LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,545 shares of the information technology services provider’s stock after buying an additional 796 shares during the period. Fidelity National Information Services makes up about 1.1% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 27th largest position. Millington Financial Advisors LLC’s holdings in Fidelity National Information Services were worth $2,247,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Fidelity National Information Services during the 2nd quarter valued at $624,858,000. Scotia Capital Inc. raised its position in shares of Fidelity National Information Services by 2.7% during the second quarter. Scotia Capital Inc. now owns 44,599 shares of the information technology services provider’s stock valued at $3,631,000 after buying an additional 1,155 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity National Information Services by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,955 shares of the information technology services provider’s stock valued at $1,217,000 after buying an additional 633 shares during the period. Elevation Point Wealth Partners LLC grew its position in Fidelity National Information Services by 24.1% during the second quarter. Elevation Point Wealth Partners LLC now owns 11,888 shares of the information technology services provider’s stock worth $968,000 after buying an additional 2,308 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Fidelity National Information Services by 240.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 9,687 shares of the information technology services provider’s stock valued at $789,000 after acquiring an additional 6,840 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the stock in a transaction on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the transaction, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. The trade was a 7.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $65.77 on Friday. The stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 365.41 and a beta of 1.01. The firm’s 50-day moving average price is $65.45 and its two-hundred day moving average price is $72.47. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 1-year low of $59.51 and a 1-year high of $86.03.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company earned $1.40 EPS. Fidelity National Information Services’s revenue for the quarter was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FIS. Wells Fargo & Company started coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Jefferies Financial Group decreased their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their price target on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.41.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.